The Cetus protocol offered a 6 million dollar prize to Hacker to get the stolen ETH back
SUİ -based decentralized Stock Exchange Cetus offered a $ 6 million prize in exchange for a return of stolen funds after a $ 223 million cyber attack. While the sui network verifiers prevent transactions from aggressive addresses, a time -sensitive agreement for the extradition of the stolen ETH is on the table.
Cetus offered a 6 million dollar white hat agreement to Hacker: race for 56 million dollars of ETH
SUİ Network -based decentralized stock market Cetus Protocol came to the agenda with an extraordinary step after the major security violation he experienced at the beginning of this week. The platform offered a $ 6 million “white hat” award for the return of the funds stolen to the hacker. Following the attack, which caused a total of 223 million dollars of damage, the proposal was only valid for 20,920 ETH (about $ 56.3 million).
Cetus, X (Old Twitter) said in a statement, “We contacted the aggressive wallet address identified in the Ethereum network and presented a suggestion for the return of customer funds,” he said. The company also committed that Hacker would not be initiated any legal, intelligence or public.
Moves following the attack
The attack was due to a smart contract deficit in the liquidity pools of the platform. Using this weakness, Hacker seized different tokens, converted some of them to USDC and then turned it into ETH and transferred to the Ethereum network. Following the attack, the sui network verifiers began to block the operations from the attackers.
Cetus announced that the technical deficit was closed after the attack and that the system was made safe again. In addition, 162 million dollars worth of token’ın “frozen” said. This led to the fact that the attack was further growing.
Centralization debate in the community
However, this coordinated intervention in the sui network caused centralization criticisms in some parts of the crypto community. Justin Bons, the founder of Cyber Capital, said, “Sui verifiers are currently censoring hacker operations. Doesn’t this show that the network is the center?” brought a harsh criticism in the form.
CETUS PRICE IN THE FALL
After the incident, Cetus’s local Token Cetus lost 25 %in the last 24 hours and fell to $ 0.1714. Similarly, other assets associated with platforms such as LOFI and HIPPO have also experienced great decreases.
How Cetus will respond to his offer to Hacker is eagerly awaited in the crypto world. The flexible approach of the company to recover user funds is a remarkable example in the defi world for crisis management.
